Benefits of implementation of OSHMS (ISO 45001) in workplace

1. Improve employee safety

The most obvious benefit of ISO 45001 is the potential to reduce workplace illnesses and injuries. In
the US alone, 5,147 workers died on the job in 2017 —more than 14 deaths every day — according
to the Bureau of Labor Statistics (BLS). The ISO 45001 standard gives your organization the tools to
save lives and prevent injuries.

2. Boost stakeholder confidence

Beyond the obvious benefits, complying with the ISO 45001 standard is a way to show customers,
investors, and regulators that you’re serious about keeping people safe. When stakeholders are
confident in your abilities to maintain a safe work environment, they’re more likely to want to do
business with you. Not only that, but they’re less likely to scrutinize each decision you make.

3. Increase productivity

The International Labor Organization reports that there are 374 million non-fatal work-related
injuries each year, resulting in more than 4 days of absences from work. Anytime a worker is injured
and can’t return to work, productivity suffers. You lose time hiring and training a replacement. And if
any equipment is damaged during the accident, you may have to temporarily shut down operations.

4. Lower insurance costs

In the same way that being a safe driver can keep your auto insurance rates low, tending to
workplace safety can help keep the costs of commercial insurance down. By decreasing the risk of
injury, you also decrease the chances that a worker will need to file a claim. As a result, employers
who implement a successful ISO 45001 management system may enjoy lower out-of-pocket
expenses and premiums, including worker’s compensation.

5. Foster management involvement & accountability

The new IS0 45001 standard calls for a top-down commitment to safety. By making safety and health
part of an organization’s management system, ISO 45001 holds C-suite executives accountable for
worker wellness.

6. Reduce risk

ISO 45001 offers a framework for organizations to identify potential safety hazards before they
contribute to an accident. By addressing risks within your operations, your organization will enjoy
fewer unwelcome surprises.
7. Identify opportunities

ISO 45001 isn’t just focused on risk, though. By identifying potential hazards, employers are also able
to uncover opportunities to increase safety and productivity.

8. Stand out as an industry leader

The ISO 45001 standard was published in 2018, so it is still relatively new. Being among the first
companies to achieve compliance with the new standard is a way for organizations to set themselves
apart.

9. Gain a competitive advantage

It’s worth noting that some countries and companies — particularly those in Europe — tend to look
favorably on organizations that adopt the ISO standards. If you’re bidding for work or contracts,
using the ISO 45001 standard may give your business a leg up.

10. Engage employees in safety

Employee involvement is a key ingredient in any successful safety program. The ISO 45001 standard
offers a structured way to promote worker consultation and participation.

11. Shift from reactive to proactive

A proactive safety culture is widely acknowledged as a key ingredient in sustainability. Unlike the
OHSAS 18001 standard, which only focused on controlling known hazards, ISO 45001 requires
organizations to proactively identify sources or situations that have the potential to cause harm.

12. Demonstrate your commitment to safety

The ISO 45001 standard is a widely recognized international symbol of safety excellence. By using
the ISO 45001 standard, organizations can show that they are following health and safety best
practices. Some organizations may even decide to pursue the extra recognition that comes with
certification